MANILA, Philippines — EEI Corp. welcomed its new strategic investor Industry Holdings and Development Corporation (IHDC) of the Chua Group.
House of Investments Inc. (HOI), the parent company of EEI, has decided to sell a 14.35 percent interest in EEI to IHDC.
“EEI welcomes IHDC; a team that shares the same vision as ours in building a better future. We are excited with the potential synergies we can create that are focused on nation-building, environmental protection, supporting economic growth, and uplifting the quality of life of our own people and the communities we serve,” EEI president and CEO Henry Antonio said.
IHDC, for its part, said its entry as a strategic partner is in line with EEI’s growth plans and restructuring efforts.
